Well-Performing SNF Trades in Iowa
A skilled nursing facility in Cedar Rapids, Iowa, that boasted strong occupancy levels and consistent cash flow traded hands. The facility had long-standing referral relationships and a reliable census pipeline. But, there is still room for upside. Ownership was intentional in selecting a buyer that would preserve and build upon the facility’s culture and reputation. Ultimately, a regional owner/operator with a proven track record in the skilled nursing sector aligned with the seller’s culture acquired the community. Connor Doherty, Ryan Kelly and Will Roberts of Blueprint handled the sale. Read More »
Class-A Active Adult Community Trades
An active adult community north of Houston, Texas, sold with the help of Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia Seniors Housing & Healthcare. Alders Magnolia encompasses 184 units in Magnolia, and was built in 2021. The seller was Capitol Seniors Housing, and the buyer was Texas-based active adult development and investment firm, Aspens Senior Living. Situated just northwest of The Woodlands, one of the nation’s largest master-planned communities, Alders Magnolia features an amenity package that offers a heated resort-style pool and spa, theater, fitness center, demonstration kitchen, private wine lockers, putting green, bocce ball court and... Read More »
Not-for-Profit Divests to For-Profit Owner/Operator
Senwell Senior Investment Advisors announced the closing of two separate senior care sales. First, Brandon Bohland and Collin Hempfling handled a faith-based not-for-profit organization’s divestment of a senior care campus in the Charlotte, North Carolina MSA. The campus has a 50-bed skilled nursing facility and a 96-bed assisted living community. The seller had owned the campus for multiple decades, but a long-term tenant/operator lease was approaching expiration and it wanted to evaluate options. Senwell explored both a lease and a sale of the campus, ultimately advising a divestment. There were multiple competitive offers, with the winning bidder being a for-profit regional... Read More »
Chartwell Retirement Residences Completes Portfolio Acquisition
Chartwell Retirement Residences completed its previously announced purchase of six seniors housing communities spread throughout London (three), Dorchester, Waterloo and Mississauga in Ontario, Canada. The purchase price at closing totaled approximately CAD$416.2 million, or US$30 million. An additional CAD$15.8 million, or USD$11.36 million, is payable upon completion of Dorchester Terrace, which is expected in the fourth quarter. The transaction was funded through the assumption of approximately CAD$232.7 million, or USD$167.4 million, of in-place debt, the majority of which is CMHC-insured, and cash on hand. The six purpose-built seniors housing communities present strong... Read More »
Class-A AL/MC Communities Trade on Long Island
BWE Investment Sales’ Seniors Housing Team announced its involvement in the sale of Village Green Senior Living and Village Walk Senior Living, both in high barrier-to-entry locations on Long Island. BWE represented the seller, The D&F Development Group, in the disposition of the Class-A assets, which had the goal of building, leasing up and selling the communities. The buyer was a joint venture between Atria Senior Living, Fundamental Advisors and Scribner Capital. Built in 2020, Village Green is in Levittown and offers 57 units of assisted living and 46 units of memory care across three levels. Village Walk is in Patchogue and was completed in 2018. It totals 146 beds,... Read More »Schedule a demo
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